Fast Money

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Fast Money

No. 1 - Last But Not Least

On Thursday, Hewlett-Packard (HPQ) will be the last Dow average component to report earnings this season. While earnings were mostly ignored during this tumultuous time can the largest PC maker in the world ignite some hope about business spending and stabilize this jittery market?

CNBC Silicon Valley Bureau Chief Jim Goldman joins the guys for this conversation.

HPQ Earnings Preview

Goldman says HPQ reports after the bell Thursday and there’s a healthy bit of optimism already in the stock.

Goldman believes the wild card will be HP’s cost cutting initiatives and whether they have translated into stronger operating margins.

Goldman also thinks The Street will be listening closely for outlook – specifically for the guidance for Q4 and Q1 of ’08 as a bellweather for global growth. Goldman suggests this stock could provide "the rising technology tide that floats all boats.”

Jeff Macke thinks tech is the anti-subprime market. He’s enthusiastic about the stock and the sector.

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Trader disclosure: On Aug 15 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money Macke Owns (EMC), (JWN) Najarian Is Short (CFC), (GS), Seymour Owns (X), (EEM),  Seymour Is Short (LEH), Red Star Asset Management Owns (MBT), Red Star Asset Management Is Short (EEM)